PENSACOLA, Fla.–PenAir Credit Union has kicked off its annual Financial Wellness Competition – NOW, which offers a $10,000 prize.
Designed to provide hands-on financial education, this seven-month journey promises to empower individuals and strengthen their financial future, the credit union said.
“NOW offers a unique opportunity for contestants to enhance their financial knowledge, develop practical skills and foster long-term financial stability,” according to the credit union.
Teams will work with a certified PenAir Financial Counselor to tackle a range of financial topics, including budgeting, savings, investing, and debt management.
The credit union said 2022’s NOW winners, successfully rebounded from the financial setbacks caused by the pandemic and achieved the milestone of transitioning into their new home with minimal debt.
“Our goal was to embrace the process, set and meet goals, and ultimately revamp our financial habits,” said Veronica, 2022 NOW Winner. “We are forever thankful for this opportunity. Our lives have been enhanced forever.”
PenAir said three exceptional teams - Nehemiah and Charlean, Akashma and Michael, and Beverly – have been chosen to compete in this year’s competition. Teams will document their progress and share valuable insights along the way.
On average, NOW Teams increased their savings by $13,000 and decreased their debt by $15,000.
“As we begin our fourth season, we are excited to share the real-life experiences of our three teams,” said Casey Brueske, community education development specialist for PenAir Credit Union. “Our goal is to guide and empower these teams, helping them gain a deeper understanding of their financial habits and inspire transformative change that will not only enhance their lives but also make a positive impact on our shared communities,”